Voya Investment Management LLC Has $111.97 Million Stock Holdings in Onto Innovation Inc. $ONTO

Voya Investment Management LLC lifted its position in Onto Innovation Inc. (NYSE:ONTO) by 4,494.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 868,607 shares of the semiconductor company’s stock after purchasing an additional 849,702 shares during the quarter. Voya Investment Management LLC owned 1.77% of Onto Innovation worth $111,974,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its stake in shares of Onto Innovation by 33.7% in the first quarter. HighTower Advisors LLC now owns 14,153 shares of the semiconductor company’s stock valued at $1,717,000 after acquiring an additional 3,566 shares during the last quarter. Aberdeen Group plc raised its position in Onto Innovation by 376.2% in the 1st quarter. Aberdeen Group plc now owns 23,588 shares of the semiconductor company’s stock valued at $2,789,000 after purchasing an additional 18,635 shares during the last quarter. Cresset Asset Management LLC boosted its stake in Onto Innovation by 11.4% in the first quarter. Cresset Asset Management LLC now owns 1,765 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 181 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Onto Innovation by 10.3% during the first quarter. Raymond James Financial Inc. now owns 290,441 shares of the semiconductor company’s stock worth $35,242,000 after purchasing an additional 27,094 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of Onto Innovation by 3,690.9% during the first quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 406 shares during the last quarter. 98.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ONTO has been the topic of several research reports. Evercore ISI upped their price target on shares of Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Stifel Nicolaus increased their price target on shares of Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a research note on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a research report on Wednesday, October 8th. B. Riley increased their price objective on Onto Innovation from $173.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 target price on shares of Onto Innovation in a research note on Tuesday, November 18th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $165.00.

Onto Innovation Price Performance

Shares of ONTO stock opened at $156.13 on Friday. The stock has a market cap of $7.65 billion, a PE ratio of 44.10, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The stock has a 50-day moving average of $140.21 and a 200-day moving average of $118.86. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $228.42.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $218.19 million during the quarter, compared to analysts’ expectations of $220.23 million. Onto Innovation had a net margin of 17.46% and a return on equity of 13.11%. The business’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.34 earnings per share. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. As a group, research analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Onto Innovation Company Profile

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.